Kaohoon’s Top News on May 20, 2021

CH. Karnchang (CK), Italian-Thai (ITD), Sino-Thai (STEC), and Nawarat Patanakarn (NWR) have submitted a tender for a double-track railway connecting Den Chai, Chiang Rai, and Chiang Khong through an E-bidding auction. ITD and NWR initially won one contract by offering the lowest bid of 26,568 million baht. Meanwhile, CK acquired two contracts worth a total of 46.2 billion baht in partnership with STEC. The winner will be officially announced on July 9, 2021.

 

Exotic Food (XO) is sure that sales would increase 30% quarter over quarter in 2Q21, disclosing new strategies to assist distributors in paying listing fees and placing product sales, in the hopes of significantly boosting sales growth. This year, they established a payment limit of 10-15 million baht.

 

NSL Food (NSL) jumped 14.17% on the first day of trading to close at ฿13.70 per share. NSL will use the exercise capital from the fund raising to expand the company as planned, with a goal of lowering the D/E ratio to less than 1x and a goal of increasing revenue by at least 16% this year.

 

Today is the first day of trading for Addtech Hub (ADD) (May 20). Analysts predicted that the stock would grow above its initial public offering price of $11.00 per share. Mr. Chawan, the company’s CEO, is confident that ADD will become a Growth Stock in investors’ radar. The company made a net profit of 26.56 million baht in the first quarter of this year, up 60.6%.

 

Mr. Chansin Treenuchagron, Acting Chief Executive Officer of Thai Airways (THAI), announced that 92% of creditors approved the business rehabilitation plan at a meeting on May 19, 2021, after the Ministry of Finance agreed to provide finance and retain benefits related to the aviation business.